Search For "gst rate"
Mahindra offers reduced GST benefits on ICE SUVs starting today
Updated : 5 months, 1 week ago IST
According to the automaker, ICE (Internal Combustion Engine) models like the XUV3XO (Diesel) see the most substantial savings, with a benefit of up to Rs 1.56 lakh, as the GST rate drops from 31 per cent to 18 per cent.
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New GST rates, coming into effect this Navratri, to boost economy: Ashwini
Updated : 5 months, 1 week ago IST
The income tax relief provided for in the 2025-26 Budget, coupled with GST rate rationalisation, is set to further push India's economy to another level, Union minister and BJP leader Ashwini Vaishnaw told reporters Saturday, addressing a presser from the party headquarters.
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GST reforms most positive for footwear, quick restros, FMCG, grocery retai
Updated : 5 months, 1 week ago IST
Global financial services firm Bernstein also echoed similar sentiments to those of several other experts that the sweeping GST rate cuts will boost India's consumption.
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GST rate cuts could push India's FY26 fiscal deficit above target: JM Fina
Updated : 5 months, 1 week ago IST
The tax revenue foregone due to GST rate cuts will eventually push India's fiscal deficit above the government's target of 4.4 per cent of GDP in FY26, unless the gap is absorbed by slowing down capital expenditure intensity, according to a report by JM Financial.
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Construction cost for real estate sector to decline by 3.5-4.5% because of
Updated : 5 months, 1 week ago IST
Rationalisation of tax rates on construction material is expected to cut the construction cost for the real estate sector by 3.5 to 4.5 per cent, according to a report by Crisil Intelligence. The government has announced to cut GST rates on cement, marble, granite, sand, bricks, etc substant
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GST 2.0 to boost FMCG consumption, larger packs items to get benefit from
Updated : 5 months, 1 week ago IST
The latest Goods and Services Tax (GST) rate rationalization is expected to give a strong boost to the fast-moving consumer goods (FMCG) sector, according to a report by Nuvama.
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GST rate rationalisation to cause Rs 10,664-crore shortfall in IGST receip
Updated : 5 months, 1 week ago IST
The central government is expected to face a revenue shortfall of Rs 10,664 crore in Integrated Goods and Services Tax (IGST) receipts due to the recent GST rate rationalization, according to an analysis report by the Global Trade Research Initiative (GTRI).
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"GST should either be zero-rated or have single uniform rate": Congress's
Updated : 5 months, 1 week ago IST
The Congress leader further added that the tax department should function in a people-friendly manner.
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Central govt's revenue loss due to GST rate reduction will be Rs 3700 cror
Updated : 5 months, 1 week ago IST
The revenue loss of the central government due to the recent GST rate reduction will be around Rs 3,700 crore in FY26, as higher growth and a boost in consumption have reduced the impact on revenues, according to a report by the State Bank of India (SBI).
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Piyush Goyal slams Opposition's 'better late than never' swipe at GST reva
Updated : 5 months, 1 week ago IST
Reacting to the Opposition's 'better late than never' swipe at the latest Goods and Services Tax revamp, Union Minister of Commerce and Industry Piyush Goyal said these remarks only demonstrate their ignorance. He said that Prime Minister Narendra Modi made the GST a success story over the
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Entire GST rate reduction benefit will be passed on to common man: Union M
Updated : 5 months, 1 week ago IST
Union Minister of Commerce and Industry Piyush Goyal has assured that the benefits of the reduction in Goods and Services Tax (GST) rates will be fully passed on to the common man, with industries across all sectors committing to implement the reforms in letter and spirit.
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'Decision not just for Bihar, but for whole country': MoS Finance Pankaj C
Updated : 5 months, 1 week ago IST
Union Minister of State (MoS) for Finance, Pankaj Chaudhary, took a jibe at the Opposition and said that the move to rationalise GST rates to two slabs of 5 per cent and 18 per cent has not been brought for the Bihar Assembly polls.
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